Binance founder Changpeng Zhao (CZ) shared reflections on Bitcoin's growth and its importance for future investments, emphasizing the need for patience.
Memories of Bitcoin's Early Prices
CZ recalled buying Bitcoin in 2014 and how it took three years to reach a then-all-time high (ATH) of $1,000 by 2017. Today, that price seems just a minor part of Bitcoin's journey, as current prices are considerably higher.
Today’s ATH May Be Tomorrow’s Bargain
Bitcoin often surprises investors. For instance, in 2017, few imagined the price would exceed $60,000. CZ emphasizes that today’s ATH might be viewed as a modest point in the future, potentially unlocking great opportunities for long-term holders.
Long-Term Vision in Crypto
Market cycles characterized by booms and busts show that patience can yield significant results. CZ shares advice to focus on the big picture and to avoid panic over short-term price fluctuations.
CZ's reflections on Bitcoin's growth serve as a reminder to investors about the importance of long-term thinking and the ability to remain calm amid market volatility.
